Robert W. Baird Lowers Winnebago Industries (NYSE:WGO) Price Target to $64.00

Winnebago Industries (NYSE:WGO) had its target price dropped by investment analysts at Robert W. Baird from $70.00 to $64.00 in a report released on Thursday, Benzinga reports. The firm presently has an “outperform” rating on the construction company’s stock. Robert W. Baird’s target price would suggest a potential upside of 19.58% from the stock’s current price.

A number of other equities research analysts also recently issued reports on the company. Benchmark reduced their price target on Winnebago Industries from $75.00 to $70.00 and set a “buy” rating on the stock in a research report on Tuesday. StockNews.com cut Winnebago Industries from a “hold” rating to a “sell” rating in a research report on Friday, October 18th. Truist Financial upped their price objective on shares of Winnebago Industries from $65.00 to $68.00 and gave the stock a “buy” rating in a research report on Friday, September 20th. Finally, Citigroup raised their target price on shares of Winnebago Industries from $71.00 to $77.00 and gave the company a “buy” rating in a report on Friday, July 12th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $67.14.

Winnebago Industries Stock Up 2.5 %

WGO stock opened at $53.52 on Thursday. Winnebago Industries has a fifty-two week low of $49.68 and a fifty-two week high of $75.42. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.45 and a quick ratio of 1.35. The stock has a market capitalization of $1.55 billion, a price-to-earnings ratio of 20.66 and a beta of 1.61. The business’s fifty day moving average price is $57.72 and its two-hundred day moving average price is $58.61.

Winnebago Industries (NYSE:WGO) last issued its quarterly earnings data on Wednesday, October 23rd. The construction company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.61). Winnebago Industries had a return on equity of 11.31% and a net margin of 2.84%. The business had revenue of $720.90 million during the quarter, compared to analyst estimates of $718.72 million. During the same quarter last year, the firm earned $1.59 EPS. Winnebago Industries’s revenue for the quarter was down 6.5% compared to the same quarter last year. On average, equities analysts anticipate that Winnebago Industries will post 4.1 earnings per share for the current year.

Hedge Funds Weigh In On Winnebago Industries

A number of institutional investors have recently added to or reduced their stakes in WGO. GAMMA Investing LLC boosted its position in Winnebago Industries by 222.5% in the third quarter. GAMMA Investing LLC now owns 458 shares of the construction company’s stock valued at $27,000 after buying an additional 316 shares in the last quarter. Sound Income Strategies LLC boosted its holdings in shares of Winnebago Industries by 69.1% during the 3rd quarter. Sound Income Strategies LLC now owns 700 shares of the construction company’s stock valued at $41,000 after acquiring an additional 286 shares in the last quarter. Innealta Capital LLC bought a new stake in Winnebago Industries during the 2nd quarter worth $45,000. EntryPoint Capital LLC acquired a new position in Winnebago Industries in the 1st quarter worth about $75,000. Finally, nVerses Capital LLC bought a new position in Winnebago Industries in the second quarter valued at about $76,000.

Winnebago Industries Company Profile

Winnebago Industries, Inc manufactures and sells recreation vehicles and marine products primarily for use in leisure travel and outdoor recreation activities. The company operates through three segments: Towable RV, Motorhome RV, and Marine. It provides towable products that are non-motorized vehicles to be towed by automobiles, pickup trucks, SUVs, or vans for use as temporary living quarters for recreational travel, such as conventional travel trailers, fifth wheels, folding camper trailers, and truck campers under the Winnebago and Grand Design brand names.